Goodwill and Intangible Assets (Tables)

12 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets [Abstract]

Summary of change in goodwill

The following summarizes the change in the Company’s goodwill:

	Years Ended March 31,
	2017		2016
Balance at beginning of period	$	2,053,000	$	-
Goodwill acquired		498,000		2,053,000
Translation adjustment		-		-
Impairment		-		-
Balance at end of period	$	2,551,000	$	2,053,000

Intangible assets subject to amortization

The following is a summary of acquired intangible assets subject to amortization at March 31:

		2017				2016
	Weighted Average Amortization Period	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Intangible assets subject to amortization
Trademarks	11 years	$	705,000	$	191,000	$	705,000	$	127,000
Customer relationships	13 years		5,900,000		2,421,000		5,900,000		1,905,000
Total		$	6,605,000	$	2,612,000	$	6,605,000	$	2,032,000

Amortization expense for acquired intangible assets

Amortization expense for acquired intangible assets is as follows:

	Years Ended March 31,
	2017		2016		2015
Amortization expense	$	613,000	$	621,000	$	670,000

Estimated future amortization expense for intangible assets

The estimated future amortization expense for acquired intangible assets subject to amortization is as follows:

Year Ending March 31,
2018	$	580,000
2019		580,000
2020		580,000
2021		580,000
2022		580,000
Thereafter		1,093,000
Total	$	3,993,000